The analysis of gutted frozen European plaice production for human consumption in the UK reveals a gradual increase in forecasted values from 2024 to 2028, based on the given data. In 2023, the market stood at an actual value slightly below the forecast for 2024. The year-on-year growth rates are modest, illustrating a stable upward trend of approximately 0.45% per annum. The compound annual growth rate (CAGR) over the forecast period is an anticipated 0.55%.
Future trends to watch for:
- Potential impacts of environmental changes on fish populations affecting supply.
- Regulatory shifts in EU and UK fishing policies influencing production costs and volume.
- Shifts in consumer demand for sustainable seafood options potentially driving growth in the sector.